11 states/UTs join National Single Window System
ECONOMY & POLICY

11 states/UTs join National Single Window System

In order to encourage private investment in the ecosystem for car recycling, the Ministry of Road Transport and Highways (MoRTH) announced on Wednesday that 11 states and UTs have joined the National Single Window System (NSWS) for the Voluntary Vehicle-Fleet Modernization Program (V- VMP).

The ministry further stated in a statement that as of November 14, 2022, 117 investors' applications for Registered Vehicle Scrapping Facilities (RVSF) are in the works, of which 36 have already received state government approval. According to the notification, the following states have joined NSWS for the V-VMP: Gujarat, Uttar Pradesh, Karnataka, Andhra Pradesh, Odisha, Madhya Pradesh, Rajasthan, Assam, Goa, Uttarakhand, and Chandigarh.

On April 1, 2022, the Vehicle Scrappage Policy (V-VMP) went into effect. The regulation, which was announced in the Union Budget 2021–22, stipulates that personal automobiles must undergo fitness testing after 20 years, while commercial vehicles must do so after 15 years. The statement further indicates that the swift onboarding of all other states and UTs onto the NSWS has begun.

Additionally, the state/UT government is proposing 84 automated testing stations (ATSs) in 11 different states through a Request for Proposal (RFP) after conducting the required tenders. Investor summits have been held in 16 states to highlight the key components of the V-VMP programme and to draw private investment.

"According to forecasts based on vehicle registration data from Vahan, 40–45 RVSFs must be built in India over the next two years, and 60–70 RVSFs must be built over the course of the next five years. Like that, it stated that India would need 130–150 ATS in the following two years and 450–500 ATS in the following five years.

According to the new policy, the states and Union Territories (UTs) will offer up to a 25% tax credit on road tax for automobiles that are purchased after discarding older vehicles, the Center had stated.

In order to encourage private investment in the ecosystem for car recycling, the Ministry of Road Transport and Highways (MoRTH) announced on Wednesday that 11 states and UTs have joined the National Single Window System (NSWS) for the Voluntary Vehicle-Fleet Modernization Program (V- VMP). The ministry further stated in a statement that as of November 14, 2022, 117 investors' applications for Registered Vehicle Scrapping Facilities (RVSF) are in the works, of which 36 have already received state government approval. According to the notification, the following states have joined NSWS for the V-VMP: Gujarat, Uttar Pradesh, Karnataka, Andhra Pradesh, Odisha, Madhya Pradesh, Rajasthan, Assam, Goa, Uttarakhand, and Chandigarh. On April 1, 2022, the Vehicle Scrappage Policy (V-VMP) went into effect. The regulation, which was announced in the Union Budget 2021–22, stipulates that personal automobiles must undergo fitness testing after 20 years, while commercial vehicles must do so after 15 years. The statement further indicates that the swift onboarding of all other states and UTs onto the NSWS has begun. Additionally, the state/UT government is proposing 84 automated testing stations (ATSs) in 11 different states through a Request for Proposal (RFP) after conducting the required tenders. Investor summits have been held in 16 states to highlight the key components of the V-VMP programme and to draw private investment. According to forecasts based on vehicle registration data from Vahan, 40–45 RVSFs must be built in India over the next two years, and 60–70 RVSFs must be built over the course of the next five years. Like that, it stated that India would need 130–150 ATS in the following two years and 450–500 ATS in the following five years. According to the new policy, the states and Union Territories (UTs) will offer up to a 25% tax credit on road tax for automobiles that are purchased after discarding older vehicles, the Center had stated.

Next Story
Real Estate

Shriram Properties Backs Neerathon 2025 to Promote Water Conservation

Shriram Properties Limited (SPL), one of India’s leading residential developers in the mid-market and mid-premium segments, reaffirmed its commitment to sustainability and community welfare by supporting IPA Neerathon 2025 in Chennai as the Title Sponsor. The event, which attracted thousands of participants across 10K, 5K and 3K categories at Island Grounds, was more than a race — it was a movement for water conservation and environmental stewardship.For SPL, this partnership aligns with its long-standing efforts to support initiatives beyond real estate, promoting sustainable communities ..

Next Story
Infrastructure Transport

DMRC revives plan for Dwarka–Gurgaon Metro corridor

Nearly a decade after it was shelved, the Delhi Metro Rail Corporation (DMRC) is reconsidering a long-discussed plan to extend the Metro from Dwarka to Gurgaon.The proposed 12-km corridor would run from Yashobhoomi station in Dwarka Sector-25, on the Airport Express Line, to IFFCO Chowk along the Delhi–Jaipur Expressway. Planned stations include Bharthal, Bijwasan, Carterpuri, and Tau Devi Lal Park in Sector 23. An interchange is expected with the Gurugram Metro corridor at Sector 23.If implemented, the extension would provide direct metro access from Dwarka to key commercial hubs including ..

Next Story
Infrastructure Urban

Ola, Uber, Rapido get nod for Mumbai bike taxi services

The Maharashtra State Transport Authority (STA) has granted provisional licences to Ola, Uber, and Rapido to operate bike taxi services in the Mumbai Metropolitan Region. The move follows the implementation of the Maharashtra Bike Taxi Rules 2025.As per STA’s approval, the minimum fare has been fixed at Rs 15 for the first 1.5 km, with an additional Rs 10.27 per km thereafter. The licences are valid for one month, during which operators must apply for permanent permits by fulfilling all regulatory conditions.Smart-Ride’s application was rejected for failing to meet the prescribed norms. Of..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?